Crews from Native Excavating work on building the new senior living center near Casey’s Pond in Steamboat Springs earlier this year. The $21 million building permit valuation of the new Casey’s Pond Senior Living community has made a substantial difference in local construction dollar volume.

Photo by John F. Russell

Crews from Native Excavating work on building the new senior living center near Casey’s Pond in Steamboat Springs earlier this year. The $21 million building permit valuation of the new Casey’s Pond Senior Living community has made a substantial difference in local construction dollar volume.

Casey’s Pond project in Steamboat leads to spike in construction valuation

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By the numbers

May building permits for the city of Steamboat Springs

Building: Permits, Valuation

Single-family home: 0, $0

Home remodels: 9, $574,775

Commercial remodels: 11, $2.2 million

Other — Casey’s Pond Senior Living: 1, $21 million

Year to date construction valuation (city): $31,205,937

Year to date construction valuation (city and county): $40,925,413.40

Source: Routt County Regional Building Department

— The $21 million building permit valuation of the new Casey’s Pond Senior Living community has made a substantial difference in local construction dollar volume. But the latest report from the Routt County Regional Building Department confirms that new residential construction projects are coming through at a trickle in 2012.

Casey’s Pond Senior Living, under construction at U.S. Highway 40 and Walton Creek Road, now accounts for 67 percent of all 2012 building permit valuation in the city of Steamboat Springs, which stands at $31.2 million. Permit valuation is not the same number as the final cost of construction. The developers have estimated the final cost of the 117,000-square-foot building will reach as high as $40 million.

There’s optimism among some building contractors. Jamie Letson, of Letson Enterprises, said he ran a help wanted ad for a construction estimator/project coordinator based on phone volume alone to his business.

“We are interested in seeing who is out there. We track our incoming calls and monitor inquiries,” Letson said. “Our sense is that there’s some more momentum out there. There’s a fairly strong emphasis in remodels currently.”

Steamboat did not see any permits issued for new single-family homes in May, and the year-to-date total stands at five. If there’s a bright side, it’s that in 2011 the city had seen only two building permits for new homes issued through the end of May and the number was three at the same date in 2010.

Through the end of May, there have been 16 permits issued for residential remodels and additions. And with a burst of 11 permits in May, there have been 18 permits issued for remodels or additions to non-residential buildings, according to the building department.

There remains another large institutional building expected to break ground this summer — the $6 million addition to Holy Name Catholic Church.

Letson said he has jobs in progress, but he’s still hustling to line up more business.

“I’m working harder than I ever have in my life to develop new contracts,” he said.

To reach Tom Ross, call 970-871-4205 or email tross@SteamboatToday.com

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